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The risk differentiation framework - Practical applications to SMEs and tax agents presentation

Published on 22 Aug 13 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

Ever wondered how the Tax Office assesses your clients in terms of risk to revenue? What sort of risk assessment is more likely to result in Tax Office review or audit activity? As a Tax Agent, how do you rate in comparison to your colleagues and what do these ratings mean? The Tax Office now utilises a point-in-time risk management tool called the Risk Differentiation Framework (“RDF”) to assess these risks.

This presentation willl:

  • provide an overview of the demographics of the RDF as applied to the SME Market – incorporating a description of the key variables that feed into the RDF algorithm
  • indicate likely Tax Office activity resulting from classification into one of the four risk categories
  • suggest activity (or lack of activity) that will keep clients in more benign risk categories
  • contain case studies based on Tax Office use of RDF
  • provide an overview of the RDF as applied to Tax Agents.

Author profile:

Michael CRANSTON
Current at 07 August 2009 Click here to expand/collapse more articles by Michael CRANSTON.
 

 

This was presented at Review to Dispute with the ATO .

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The risk differentiation framework - Practical applications to SMEs and tax agents

Author(s):  Michael CRANSTON

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